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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (23618)11/18/1999 10:25:00 AM
From: Robert Douglas  Read Replies (3) | Respond to of 25960
 
Brian,

They raised targets on a number of semi-equips including Cymer:

Cymer (CYMI) - We rate the shares of Cymer as Attractive with new a one year price target of $60 up from $40 based on 30 times our new conservative FY2001 EPS estimate of $1.99 based on management's guidance on improving longer-term business conditions and visibility. The company re-affirmed expectations of a bullish outlook based on its strong revenue, earnings and order backlog. Cymer is "absolutely unavoidable, gotta have" technology in the semiconductor industry makes this company attractive. Cymer is a dominant leader in both technology and market share. We are pleased with Cymer's move to newer products, the 6000 series, and higher ASP's. Cymer continues to invest appropriately for the long-term best interests of the company.

Why Cymer isn't a "buy" if it is an "absolutely unavoidable, gotta have" technology with a "dominant" technology and market share is beyond me. Guess that just leaves room on the upside when they raise their rating.